KING RIVER RESOURCES LIMITED — Capital/Financing Update 2015

Feb 10, 2015

11 February 2015

ABN 67 100 714 181

254 Adelaide Tce Perth WA 6000

PO Box Z5518, Perth WA 6831

PHONE: +61 (0)8 9221 8055 FAX: +61 (0)8 9325 8088 WEB: www.kingrivercopper.com.au

Dear Shareholder,

PRO-RATA NON-RENOUNCEABLE RIGHTS OFFER

King River Copper Limited (KRC) has continued to refine and pursue exploration ambitions over the highly prospective Speewah Dome Copper/Gold project area located in the Eastern Kimberley.

The Board and management of the Company continue to remain very optimistic about the exciting potential of this relatively large and unexplored area.

During the wet season break, all the past drilling data and recompiled Induced Polarisation (IP), Magnetic and SAM geophysical data was reviewed and reinterpreted within the 5km long ChapmanGreys corridor.

This work identified some very interesting high priority IP targets associated with the interpreted west dipping Grey and Chapman thrusts and faults.

KRC is now very eager to drill test these targets as soon as is practicable in the 2015 exploration season.

The current rights entitlement has been structured to be the most fair and equitable to all our shareholders.

The only investors entitled to take up shares in the Company at 1 cent will be those shareholders that were registered at the close of ASX business on Wednesday February 11.

There will be no underwriting of this issue, there will be no rights trading, so there will be no placement of any shortfall.

The Board intend to take up their full entitlement to this issue and recommend that you quickly seek independent advice on the matter, and consider doing the same.

Please deal with your rights participation very promptly, as this issue may need to be closed earlier than the current March 13 cut-off date for lodgements.

Yours sincerely Anthony P Barton Chairman

ABN 67 100 714 181

11 February 2015

254 Adelaide Tce Perth WA 6000

PO Box Z5518, Perth WA 6831

PHONE: +61 (0)8 9221 8055 FAX: +61 (0)8 9325 8088 WEB: www.kingrivercopper.com.au

Dear Shareholder,

PRO-RATA NON-RENOUNCEABLE RIGHTS OFFER

As announced on 9 February 2015, King River Copper Limited ("Company") is seeking to raise approximately $1,771,900 by a pro-rata non-renounceable rights offer ("Offer") of up to approximately 177,190,069 shares on the basis of 1 new share for every 1 share held at an issue price of 1 cent per share. The Company expects to lodge an offer document for the Offer ("Offer Document") with the ASX on 19 February 2015.

The funds raised under the Offer will be used to advance the exploration of the copper and gold potential of its East Kimberley tenement, for working capital and to meet Offer expenses.

The Offer is not underwritten. Minimum Subscription under the Offer is $250,000.

The timetable for the Offer is as follows:

Pro-rata Offer announced	9 February 2015
Shares quoted on an "ex" basis (date from which the Shares commence trading without the entitlement to participate in the Offer).	12 February 2015
Record Date (date for identifying Shareholders entitled to participate in the Offer).	16 February 2015
Offer Document with Entitlement Form sent to Eligible Shareholders	19 February 2015
Offer opens	19 February 2015
Closing Date (last date for lodgement of Entitlement Forms and Application Money)	13 March 2015
Trading of New Shares commences on a deferred settlement basis	16 March 2015
Company to notify ASX notified of the Shortfall (if any)	18 March 2015
Issue of New Shares and issue of transaction confirmation statements for New Shares	20 March 2015
Normal trading of New Shares on ASX	23 March 2015

Subject to the Listing Rules, the above dates may be changed without notice.

The Offer will be made to the Company's shareholders with a registered address in Australia or New Zealand on the Record Date ("Eligible Shareholders").

Assuming that no Options are exercised before the Record Date, the effect of the Offer on the Company’s issued share capital at Minimum Subscription and Full Subscription is shown in the following table:

Shares	Minimum Subscription Full Subscription
Existing Shares New Shares issued under the Offer Total Shares on issue after completion of the the Offer	177,190,069 177,190,069 25,000,000 177,190,069
	202,190,069 354,380,138

Shareholders may view all the Company's ASX announcements, including those relating to the Offer, on the ASX's website at www.asx.com.au or alternatively on the Company's website at www.kingrivercopper.com.au.

It is anticipated that the Offer Document offering shares for subscription will be mailed to Eligible Shareholders on 19 February 2015 and will be available on the ASX and Company's website on this day.

Application will be made to ASX for official quotation of the shares. No shareholder approval is required to the Offer.

Overseas Shareholders

The offer is only made to Eligible Shareholders (shareholders with a registered address in Australia or New Zealand at the Record Date). Therefore, if you are a shareholder with a registered address other than Australia or New Zealand, no offer will be made to you. In making this decision, the directors have taken into account the small number of overseas shareholders and the costs and administrative complexity of complying with applicable regulations in jurisdictions outside Australia and New Zealand.

If you have any questions please do not hesitate to contact the Company.

Yours faithfully

Greg MacMillan Director and Company Secretary

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